When you are selling your home, it is important to understand and be ready for all of the costs you might encounter.
It’s also important to understand how you can make educated decisions that help you to save more, retain equity, and get the most out of your home sale.
What are your costs of a transaction?
Touch-ups
This is 100% dependent on the condition of your home. You may decide to do minor repairs – paint a wall, weatherstripping, fix dings in walls (~$500) or major jobs (repairing a roof, resurfacing a floor, electrical, or plumbing work. It is a good idea to get a quote from a reputable pro for this work. Click here for the top Prōs in Alberta.
The buyer might also insist on some “fixes” as a condition to sell.
Photography & Measurements
Professional photos are highly encouraged and measurements are required if you want to post on MLS. All in, these will cost anywhere from $350+ depending on the size of your home. If you list your home with Bōde, they will cover the costs of these services.
Staging
To stage or not to stage? Staging can run from $1,500+ depending on the size of your home and how much you decide to stage. Find a stager here.
Mortgage Penalty
This is an important penalty you should be aware of ahead of selling your home. Depending on the contract and timing, these fines can be quite hefty and might make selling your home quite expensive. Sometimes, the bank will port your mortgage over to your new home which might reduce the penalty.
Agents
This is a biggie. If you decide to list with a selling agent, they will likely charge 3.5% on the first 100,000 and 1.5% on the remainder. There are other options to avoid some of these costs. If you chose to sell with a traditional agent you will also typically incur the costs of the buy side agent (in Alberta they are usually the same cost as the selling agent). Of course, if you sell without an agent, or sell to a buyer without an agent there are significant savings there. People who sell their home with Bōde, save an average of almost 50% of the commissions. Sellers are also more successful in selling their homes than using an agent.
Lawyer
You will need a lawyer to finalize the deal as well as clear disbursements. This fee can be $875+. Need a lawyer? Click here for the top rated lawyers with upfront pricing
Real Property Report
If you have made significant changes to your home or if you do not have a copy from the last owner, you will need to get an RPR to sell your home. These start at $700 in Alberta but the price can change based on the size of the home. You will need a new RPR if you have made any changes to the exterior of your home (ie deck or air conditioning unit). Find a surveyor here.
Condo Documents
If you live in a condo you will have to request the Strata Documents from the property management company. These costs can range from $30-$250. To learn more about condo documents in Alberta click here.
Sell your own home with Bōde
If you are ready to sell your home on your terms, check out Bōde. It is an online home marketplace that connects buyers and sellers directly so you can sell your house – yourself.
Bōde provides all of the tools, data, and information you need to go from listing your home (on MLS, Zillow, and 1000+ others) to keys day.You only pay 1% of the sale price up to a max of $10K and only when you sell. We also advertise your home so there is a much better chance of attracting an unrepresented buyer… which means more savings for you!
We're Here to Help!
When you use Bōde to sell your home you aren’t really going at it alone. You have a partner with the information, process and support that lets you confidently make the sale.
Check Out the Sales Data in Your Community
Arm yourself with the key information you need to make the decision on what your home is worth. Dive into Sold Data to see what similar homes have sold for. Now, you have the data you need to determine your price.
Why Bōde?
